Question: When I preview Trial balance report for first year it is balanced, but when inquiry for second year it does not balance. Why?
You have created Retained Earning account as a normal account.
Retained Earnings (or Retained Profit) account must be of Special Account Type (SRE) should you need the system to calculate and show accumulated profit (except current year).
1) Delete the normal Retain Earning account.
2) Create new Special account for Retained Earning.
Now Trial Balance report is balanced.
By: Park Yao 220919, Lay Swan 220923, P220926
|AutoCount Accounting 2.0 & 2.1
|AutoCount Accounting 1.8 / 1.9
|AutoCount On The Go
|AutoCount Accounting Plug-In Documentations